Music Broadcast Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 7,335,264 (50%) | — | ₹24,426 Cr |
| NII (HNI) | — | 2,200,580 (15%) | — | ₹7,328 Cr |
| Retail | — | 5,134,686 (35%) | — | ₹17,099 Cr |
| Σ Total | — | 14,670,530 (100%) | — | ₹488,529 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,985 |
| Retail (Max) | 13 | 585 | ₹194,805 |
| S-HNI (Min) | 14 | 630 | ₹209,790 |
| B-HNI (Min) | 67 | 3,015 | ₹1,003,995 |
Financial Statements Amount in Crore
| Metric | 30-Sep-16 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 138 | 246 | 208 |
| Profit After Tax | 30 | 43 | 47 |
| Total Assets | 528 | 485 | 398 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Redemption of the Listed NCDs – 200.00
- 2 Early redemption of the JPL NCDs and repayment/ pre-payment of the JPL ICDs – 98.24
- 3 General corporate purposes – 80.12
Company Overview
Incorporated in 1999, Music Broadcast Limited is the first private FM radio broadcaster in India operates under the brand name Radio City. The company operated its radio stations in 29 cities in India as of November 25, 2016. They are present in 12 out of the top 15 cities in India by population.
Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited. Radio stations deliver film, non-film, devotional, regional, and international music, as well as radio jockey (RJ) hosted shows in Hindi, Tamil, Kannada, Malayalam, and Telugu languages. It also operates 31 Web radio stations that offer Internet radio with live RJ hosted shows through Planet Radio City in 6 languages with a listenership of 12.20 million. In addition, Music Broadcast Limited operates 'Planet Radio City' mobile app that plays various stations, such as 'Radio City Freedom', 'Radio City Electronica', 'Radio City Metal', and 'Radio City Smaran' in various languages on mobile and other smart devices.